Fed’s Bullard Sees More Than 50-50 Chance of September Rate Rise

There’s a more than 50-50 chance the Federal Reserve will raise interest rates in September, St. Louis Fed President James Bullard said.

“The economy is much closer to normal today than it’s been in quite a while, certainly over the last five years,” Bullard said Monday in an interview on Fox Business Network. “The main problem is we are in emergency settings for monetary policy.”